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7.8 Hazard, Liability and Workers' Compensation Insurance. At all times during the
<br />term hereof, Trustor shall at Trustor's expense, maintain insurance policies in accordance with
<br />the requirements set forth in the City Documents. Trustor shall file with Beneficiary prior to the
<br />commencement of the term hereof, certificates (or such other proof as Beneficiary may
<br />reasonably require, including without limitation copies of the required insurance policies)
<br />evidencing each of the insurance policies and endorsements thereto as required pursuant to the
<br />City Documents, and such certificates (or policies) shall provide that at least thirty (30) days'
<br />prior written notice shall be provided to Beneficiary prior to the expiration, cancellation or
<br />change in coverage under each such policy. If any insurance policy required pursuant to the City
<br />Documents is canceled or the coverage provided thereunder is reduced, Trustor shall, within ten
<br />(10) days after receipt of written notice of such cancellation or reduction in coverage, but in no
<br />event later than the effective date of cancellation or reduction, file with Beneficiary a certificate
<br />showing that the required insurance has been reinstated or provided through another insurance
<br />company or companies. Upon failure to so file such certificate, Beneficiary may, without further
<br />notice and at its option, procure such insurance coverage at Trustor's expense, and Trustor shall
<br />promptly reimburse Beneficiary for such expense upon receipt of billing from Beneficiary.
<br />7.9 Condition of Property. Trustor represents and warrants that except as disclosed
<br />to Beneficiary in writing, as of the date hereof. (i) Trustor has not received any notice from any
<br />governmental authority of any threatened or pending zoning, building, fire, or health code
<br />violation or violation of other governmental regulations concerning the Land that has not
<br />previously been corrected, and no condition on the Land violates any health, safety, fire,
<br />environmental, sewage, building, or other federal, state or local law, ordinance or regulation; (ii)
<br />no contracts, licenses, leases or commitments regarding the maintenance or use of the Property
<br />or allowing any third party rights to use the Property are in force; (iii) there are no threatened or
<br />pending actions, suits, or administrative proceedings against or affecting the Property or any
<br />portion thereof or the interest of Trustor in the Property; (iv) there are no threatened or pending
<br />condemnation, eminent domain, or similar proceedings affecting the Land or any portion thereof;
<br />(v) Trustor has not received any notice from any insurer of defects of the Property which have
<br />not been corrected; (vi) there are no natural or artificial conditions upon the Land or any part
<br />thereof that could result in a material and adverse change in the condition of the Land; (vii) all
<br />information that Trustor has delivered to Beneficiary, either directly or through Trustor's agents,
<br />is accurate and complete; and (viii) Trustor or Trustor's agents have disclosed to Beneficiary all
<br />material facts concerning the Property.
<br />7.10 Hazardous Materials. Trustor represents and warrants that except as disclosed to
<br />Beneficiary in writing, as of the date hereof to the best knowledge of Trustor: (i) the Land is
<br />free and has always been free of Hazardous Materials (as defined below) and is not and has
<br />never been in violation of any Environmental Law (as defined below); (ii) there are no buried or
<br />partially buried storage tanks located on the Land; (iii) Trustor has received no notice, warning,
<br />notice of violation, administrative complaint, judicial complaint, or other formal or informal
<br />notice alleging that conditions on the Land are or have ever been in violation of any
<br />Environmental Law or informing Trustor that the Land is subject to investigation or inquiry
<br />regarding Hazardous Materials on the Land or the potential violation of any Environmental Law;
<br />(iv) there is no monitoring program required by the Environmental Protection Agency or any
<br />other governmental agency concerning the Land; (v) no toxic or hazardous chemicals, waste, or
<br />substances of any kind have ever been spilled, disposed of, or stored on, under or at the Land,
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